FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Double Top reversal pattern has been formed on AUDJPY M15. Characteristics: the upper boundary 101.11; the lower boundary 100.94; the width of the pattern is 18 points. Sell trades are better to be opened below the lower boundary 100.94 with a possible movements towards the 100.71 level.

According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 100.40 is likely to encourage a continuation of the downward trend.

The Double Bottom pattern has been formed on AUDJPY M30. Characteristics: the support level 100.42; the resistance level 100.80; the width of the pattern 38 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 40 points.

According to the chart of M5, AUDJPY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 100.45 is likely to encourage a continuation of the downward trend.

The Triple Bottom pattern has formed on the chart of the AUDJPY M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 100.92/100.80.